Housing & Residential: South West LaSalle Investment Management Secures Approval for £550 Million Galleries Redevelopment in Bristol January 30th, 2025 Deividas Krupstas LaSalle Investment Management has received planning approval for the £550 million transformation of the Galleries shopping centre in Bristol. The ambitious redevelopment will replace the outdated 1980s shopping mall with a vibrant mixed-use development, integrating seamlessly with Castle Park and revitalising the city centre.The approved plans include up to 450 homes, with 20% designated as affordable housing, 10,000 sqm of ground floor space for retail, leisure, food and beverage, health, and community uses, approximately 40,000 sqm of modern, sustainable office space, a 250-room hotel or aparthotel, up to 750 student beds, and 1.5 acres of high-quality public realm and green space.A collaborative effort between LaSalle Investment Management and Deeley Freed, the project will breathe new life into a key 4.8-acre site, aligning with Bristol’s priorities in housing, health and wellbeing, climate, ecology, tourism, and economic growth.Following an extensive four-year public consultation and pre-application process, the approved plans have been refined to incorporate increased public open space, expanded community facilities, and a reduction in the height of the tallest structures in response to community feedback.
